Free Trial
EQUITIES

Futures are seeing upside continuation

NATURAL GAS

Moldova Seeking Payment Deferral for Russian Gas

WTI TECHS

(U2) Support Remains Exposed

EUR

EURCHF test the 0.9700 support

SWEDEN

Prospera inflation data back to June levels

GOLD TECHS

Clears Trendline Resistance

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
DOLLAR-IDR
DOLLAR-IDR: USD/IDR trades -5 pips at 14,915, struggling to challenge the next
key support from Apr 30 low of IDR14,882. A break here is needed to reinstate
downside momentum, opening up the 100-DMA at IDR14,552. Bulls need a jump above
the 50-DMA at IDR15,328 before attempting a move at Apr 23 high of IDR15,598.
- Bank Indonesia Governor Warjiyo spoke at an online briefing today, after a
meeting of the Financial Stability Committee. He noted that policymakers
consider IDR "fundamentally undervalued" and will carry on with their
interventions, while pointing out to BI's ability to cut rates once financial
mkts stabilise.
- Meanwhile, FinMin Indrawati expressed concern over market destabilisation
brought about by the coronavirus outbreak. He said that capital outflows reached
IDR145.28tn in Q1, which is twise as much as during the last global crisis.
- worth adding that on Saturday Indonesia declared its largest daily increase in
new coronavirus cases, with the death count nearing 1,000.
- Indonesia's Q1 BoP current account balance hits the wires at the top of the
hour. Later in the week, focus turns to Friday's trade balance.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.